Brazil’s soybean shipments to China rise to 78%
Brazil’s soybean exports reached 12.3 million tons, up 9% year-on-year, the country’s Secretariat of Foreign Trade (SECEX) reported. It was noted that in July, the share of shipments to China increased to 78% of total exports.
The average daily export volume in August was 462,409 tons, up 26.5% year-on-year. Revenue from soybean exports in August was $350 million.
In January-July of this year, Brazilian soybean exports totaled 77.2 million tons (up 2.4% year-on-year), of which 75% were shipped to China (the highest figure since 2018).
Earlier, the US Department of Agriculture’s Foreign Service noted that China would begin to gradually reduce demand for soybeans in the near future. Total grain imports are projected to decline to 113 million tonnes by 2034, representing an average annual decline of 3.1%.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Read also
Black Sea & Danube: Crop and Export Forecast
Ukraine to expand sunflower and rapeseed area while soybeans decline — FAS USDA
Wheat faces biggest weekly drop in eight months on higher inventories
Cargill’s head of world trading departs firm after three decades
Indonesia deploys African weevils to boost palm oil output
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon